Technology Trader

Tech Forecast: Weak Earnings

Intel’s comments about weaker sales to corporations suggest cloud computing’s continued threat to IT stalwarts such as EMC, HP.

Earnings season for tech kicked off last week with a mixed report from Intel that brought fresh questions as to whether we are merely in the midst of a global economic slump or, for technology, something more ominous.

It is one thing for companies to deal with a downturn in global corporate spending shared among all industries. That sort of broad malaise lowers the bar for everyone, and ultimately resolves itself as growth returns with the natural progression of the business cycle. The comparisons in the years that follow...